HONG KONG, Nov. 19, 2009 (GLOBE NEWSWIRE) -- Archer Entertainment Media Communications Incorporated (Pink Sheets:AEMC) (ISIN US039490107) (www.archeremc.com) announced a restructuring of the Company, as of October 15, 2009, under which all employee contracts and attendant stock option agreements were revoked.
Michael Selsman, Archer CEO, said, "Having moved its main corporate offices to Hong Kong earlier this year, Archer is now an Asian-based entity, focusing on opportunities in Asia. The Company will change its name to Archer International and operate through a series of subsidiaries in Asia: Archer Asia, Ebeling-Heffernan.com, and established investments in Asia in 2009 covering a number of sectors that now exceed $2m USD. We find the markets in Asia very appealing and accepting as their standards of living rise. Although the global financial situation is still unfolding, nevertheless the climate for creation of entertainment remains opportunistic. There is a great deal of money worldwide poised on the sidelines waiting for prospects, especially in Asia and the Middle East. We intend to build relationships and foster advantageous situations for Archer's core entities."
About: Archer Entertainment Media Communications Incorporated is a vertically integrated global entertainment and media company engaged in the production, delivery, distribution and exhibition of digital content through various platforms including Internet, IPTV, Satellite to PC TV, Video-on-Demand (VOD) and Pay-Per-View (PPV).
Forward Looking Statements: Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.